There's a disconnect today between how the markets are performing and the strength of the overall economy. Even though tens of millions of Americans are collecting unemployment benefits and the coronavirus pandemic is nowhere near over, the markets have continued to rally.
Over the past three months, the S&P 500 is up 14%, and year-to-date it is down just 2% -- for comparison, when the markets crashed in March, the index was down nearly 30% from where it started the year. The Nasdaq also hit a record high in July.
It's evident at this point that another crash will happen; the only question is when. Here's why investors should be bracing for a possible crash as early as this month.